Knights of Gold (Gold/FOREX Analysis/Trade ideas)
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We trade level to level. Follow at your own risk. Always use a sensible stop loss. Strictly for educational purposes, not trading advice. We are showing you what we analyse and how we trade the markets.
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We've reached a good level here. We can still see higher pricing so we're not shorting yet. Any down move is likely to be a pullback getting more buyers into the wave
We'll share todays charts in an hour or so with todays ideas
Members, there are a lot of charts and levels posted on this group. We can't give you signals or tell you when to enter or exit trades. Only tell you what we are doing. If you look at the charts and the levels provided we are constantly giving you clues as to what the market is doing. You just have to make sure you go through everything carefully and apply it
This is what we're looking for today.

We need a pullback towards 1730-29 as the first destination and potentially a deeper one towards 1725-22 as the second destination. The target is the 1745-50 level based on successful support below. We're not going to run these long trades from below much longer, these entries higher up are going to be quick captures. If you have longs from below it would be an idea to hold them and not over expose yourself up here.
DXY 4H H&S. Still room to go lower. They don't always have to correlate as we've seen in the past but recently they've been working well together. DXY needed a break after its big move, we're still looking for this to turn up and go higher.
Dear Members,

Firstly, we would like to thank everyone on this group for joining, your support, liking our posts on TradingView, social media and sharing our group with your friends. Please continue to do so if you like what we are doing.

We set this group up to help traders, especially newbies and those less experienced in the markets. We didn’t expect to get this kind of response and over 600 members in such a short period of time.

There are some members who have been here from the start, we especially thank you for you continued support.

We’ve been asked a lot about trading courses, strategies, premium membership etc.

Our first update is the Knights of Gold website which should be ready by the end of March. Membership is FREE! Here you will find lots of useful information, free training courses on analysing charts the way we do, a newsfeeds relevant to your preferred currencies, commodities and now also Crypto. There will be a forum for questions and discussions, Merlins very own trading room for mentoring and one-to-one help which can be booked through the site on a 30min or 1hr basis.

Excalibur! We’ve been using it for many years, its our very own custom indicator which when applied with our trading strategy is a very powerful system. This will be available on a first come first served basis but as a thank you to all members of this group you will get priority over the general public.

As we’ve maintained from the beginning, we’re here to help traders succeed. Everything we share on this group is free and will remain that way. All the analysis and ideas will continue to be posted on the group so nothing will change in that respect, in fact, we hope to increase what we share by adding more currency pairs and crypto.

Knights of Gold
Todays levels. price has found support around 1700 but its still bearish. We still have our lower target of 1640 and 1654. We have a feeling the price may not stop there this time but have to wait and see.

We should get some retracement today like we're seeing now, the levels to look out for are shown on the chart. 1720 and 1735 are key levels for the price to change direction again. Its a good idea to observe today as its Friday and not advisable to hold trades over the weekend.
We're coming back in to test the breakout box. Here we want to see rejection or a break back inside. This could be a larger 1H H&S playing out so it wouldn't be surprising to see this range back inside for weekly close.....Keeping an eye on this. We've taken a small Long from 1702 based on the previous levels we mentioned this morning. Eyes are on the 1708 and then 1720 levels again!

Again, daily and weekly close is important, we wanted that spike up before the bigger drop but 1720-25 proved to be a strong level. Still bearish until we get confirmation of a bottom, which we haven't yet.

We'll sit on the trade we have in already and wait for Monday.

As always, trade safe.
15M. This could also be a continuation for the down move. Lets wait for the breakout
Now we're back in the box. Lets see how it reacts here.
We're done for the week. Everything you need for the rest of the session should be on the charts from earlier.

See you Sunday for our weekly analysis and market open.

Have a good weekend.

Knights of Gold
Channel name was changed to «Knights of Gold (XAUUSD/Gold/FOREX Analysis)»
Dear Members.

We're going to post a few polls. Its totally anonymous so if you get a chance please do answer as honestly as you can. This will help us to tailor our service more proactively and productively to you all

Knights of Gold